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20121220
20121220
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KQED (PBS) 1
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PBS
Dec 19, 2012 4:00pm PST
connecticut, president obama bows to do something about guns. taking a spin through time, a rare discovery reveals the first christmas recordings that are sure to put you in a festive mood. welcome to our viewers on public television in america and around the globe. banks are in the business of making money, but today u.b.s. was forced to pay a massive amounts for actions federal regulators called shocking. the penalty was levied for trying to manipulate a key interest rates that affect our rowers around the world. the u.s. is hardly alone -- u.b.s. is hardly alone in having to pay. >> caught trying to manipulate important interest rates and punished with 940 million pounds of fines and confiscation of ill-gotten gains. >> this is some of the most shocking behavior we have seen to date. this was prevalent across the firm for five years when people were seeking to manipulate an internationally used benchmark used for millions and trillions of pounds of contracts in order to benefit their own trading position. >> u.b.s. traders colluded with other firms in market rigging. one u.b.s
Search Results 0 to 0 of about 1